Legal & General Group Plc grew its holdings in shares of Nanometrics Incorporated (NASDAQ:NANO) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,709 shares of the semiconductor company’s stock after buying an additional 684 shares during the period. Legal & General Group Plc owned 0.21% of Nanometrics worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Wells Fargo & Company MN grew its position in Nanometrics by 65.1% during the third quarter. Wells Fargo & Company MN now owns 66,506 shares of the semiconductor company’s stock valued at $2,495,000 after acquiring an additional 26,234 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Nanometrics by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 82,385 shares of the semiconductor company’s stock valued at $3,092,000 after purchasing an additional 5,275 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Nanometrics by 2.9% during the third quarter. Bank of New York Mellon Corp now owns 319,418 shares of the semiconductor company’s stock valued at $11,985,000 after purchasing an additional 8,888 shares during the period. BlackRock Inc. boosted its stake in shares of Nanometrics by 1.9% during the third quarter. BlackRock Inc. now owns 3,643,624 shares of the semiconductor company’s stock valued at $136,710,000 after purchasing an additional 68,512 shares during the period. Finally, Credit Suisse AG boosted its stake in shares of Nanometrics by 6.0% during the third quarter. Credit Suisse AG now owns 31,483 shares of the semiconductor company’s stock valued at $1,181,000 after purchasing an additional 1,790 shares during the period. 85.66% of the stock is owned by institutional investors.

In related news, Director Timothy J. Stultz sold 17,667 shares of the firm’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $30.13, for a total value of $532,306.71. Following the completion of the sale, the director now owns 253,208 shares of the company’s stock, valued at $7,629,157.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy J. Stultz sold 30,000 shares of the firm’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $28.68, for a total value of $860,400.00. Following the completion of the sale, the director now directly owns 243,208 shares of the company’s stock, valued at approximately $6,975,205.44. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.

A number of analysts have recently weighed in on NANO shares. Zacks Investment Research raised Nanometrics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Benchmark reissued a “buy” rating and set a $36.00 price objective on shares of Nanometrics in a research note on Wednesday, February 6th. ValuEngine raised Nanometrics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. BidaskClub lowered Nanometrics from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Finally, Needham & Company LLC started coverage on Nanometrics in a research note on Tuesday, April 16th. They set a “buy” rating and a $37.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Nanometrics currently has an average rating of “Hold” and a consensus target price of $33.60.

Shares of NANO stock opened at $31.89 on Monday. Nanometrics Incorporated has a 52 week low of $24.74 and a 52 week high of $48.26. The firm has a market capitalization of $782.42 million, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.69.

Nanometrics (NASDAQ:NANO) last announced its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.14. Nanometrics had a return on equity of 20.36% and a net margin of 17.76%. The company had revenue of $77.00 million during the quarter, compared to analyst estimates of $72.65 million. During the same quarter last year, the firm posted $0.53 earnings per share. The firm’s revenue was down 1.5% on a year-over-year basis. As a group, analysts expect that Nanometrics Incorporated will post 1.27 EPS for the current fiscal year.

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About Nanometrics

Nanometrics Incorporated provides process control metrology and inspection systems for use primarily in the fabrication of semiconductors and other solid-state devices, and industrial and scientific applications worldwide. The company offers automated metrology systems that provide optical critical dimension, thin film metrology, and wafer stress metrology for transistor and interconnect metrology applications; and integrated metrology systems that are installed onto wafer processing equipment to provide near real-time measurements.

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Institutional Ownership by Quarter for Nanometrics (NASDAQ:NANO)

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